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A New Jersey teenager has cut a deal to trade a hacked iPhone for a new set of wheels and three further iPhones, Yahoo! reports.

Seventeen-year-old George Hotz, of Glen Rock, made the announcement on his blog, having successfully unlocked the Jesus phone. Duly released from the shackles of AT&T, the device was then swiftly offered for sale.

Hotz said: "Terry Daidone, the founder of Certicell contacted me this morning, and offered to make a trade for the iPhone. I traded it for a sweet Nissan 350Z and 3 8GB iPhones." He described the trade as "a great end to a great summer", and he can only hope AT&T's attack lawyers don't provoke a sudden autumn chill.

Daidone, who's the co-founder of Louisville, Kentucky-based CertiCell, has apparently also offered the young man a paid consulting job, but stresses the company doesn't have "any plans on the table right now to commercialize Mr. Hotz' discovery". ®